Important Stock News & Updates: Advanced Micro Devices, BlackBerry, Citigroup, Nokia, Alcatel Lucent
NEW YORK, October 30, 2013 /PRNewswire/ --
Market Buzz Report, an investment community, reports Important Stock News & Updates on Advanced Micro Devices, Inc. (NYSE: AMD), BlackBerry Ltd (NASDAQ: BBRY), Citigroup Inc (NYSE: C), Nokia Corporation (NYSE: NOK), Alcatel Lucent SA (NYSE: ALU).
Advanced Micro Devices, Inc. (NYSE: AMD)'s Radeon R9 290x has been a mystery since it was revealed last month but the firm is now disclosing complete details about the card to stores.
Due to its $549 price, it is a huge leap in performance over the $299 R9 280X and has 2,816 stream processors with a wider 512-bit memory bus as well as a bigger 4GB of video RAM.
What Hedge Funds Are talking About AMD? Get Latest Fund Activities Herehttp://marketbuzzreport.com/index.php?code=AMD
The board would be collect 5.6TFLOPs of general computing power and has been built with 4K graphics in mind. Importantly, it also gives a lot at the price as a number of websites have shown R9 290X outperforming even GeForce GTX780 but one needs to tolerate noisier cooling but it may be a good part for the gaming PC.
BlackBerry Ltd (NASDAQ: BBRY) executives flew to California for meeting Facebook for measuring the interest in a potential bid for the smartphone maker. However, there is no clarity on the part that Facebook is putting a bid on the firm and none of the firms commented on the matter.
Any deal would be an option to the tentative $9 a share offer from the consortium led by its largest investor, Prem Watsa's Fairfax Financial Holdings Ltd, which is looking to purchase BlackBerry for $4.7 billion. Some other firms are also looking at the firm's books for deciding on whether to make an offer.
What Analysts Are Doing With BBRY After The Latest News? Let' go Here and Find outhttp://marketbuzzreport.com/index.php?code=BBRY
Largest producer of wind turbines in US, General Electric, would be supplying 22.8 megawatts of systems to Toto Costruzioni SpA for a power plant located in southern Italy.
The order would be the first for the firm's 2.85-megawatt turbines in Italy but no terms were revealed. Italy is looking to install 560 megawatts of wind power a year by 2020 for meeting the goal of European Union to generate 20 percent of electricity from renewable sources. The project would be able to generate power for about 15,000 homes in Italy's Puglia region.
Citigroup Inc (NYSE: C) is looking to sell mortgage servicing rights on loans having value of $63 billion or about 21 percent of the total contracts.
As regulations rise and refinance business taking a hit, the bank is scaling back. The bank ownes servicing rights on $301 billion of mortgage balances at the end of June. The firm's shares were up by 0.1%.
Is C The Best Stock In The Financial Sector? Don't Wait, Just Get The Free Result Herehttp://marketbuzzreport.com/index.php?code=C
Finnish handset maker Nokia Corporation (NYSE: NOK) came out with losses in quarter three as sales at handsets unit being sold to Microsoft continued to fall. But, the firm has given a sanguine outlook on continuing operations as well as networks unit resulting in increase in stock prices.
IS NOK Ready To Beat AAPL In The Smartphone Market? Get The Shocking Report Herehttp://marketbuzzreport.com/index.php?code=NOK
The firm's quarter three net loss was 91 million euros vis-a-vis net loss of 969 million euros a year earlier whereas revenues plummeted by 20 percent to 5.6 billion euros. But, the firm has stated that the network operations have seen net profit surged by 33 percent and is expected to have positive operating margin of about 12 percent in last quarter with net sales growing on sequential basis. The firm's shares were up by 7 percent at 5.34 euros.
Nokia sold 8.8 million smartphones during the period, all Lumia products, up by 40 percent from a year earlier. In quarter three, it sold 6.3 million smartphones and demand increased strongly in US, one of the tougher markets.
But, it was not enough to keep Nokia to give negative outlook for services as well as devices which it would be selling to Microsoft Corp. for $7.2 billion.
The firm was optimistic about the remaining operations, Nokia Networks and Solutions.
CFO Timo Ihamuotila opined that the firm is in a decent shape without services and devices unit, which saw net sales reduce by 19 percent in the quarter to 2.9 billion euros.
Ihamuotila confirmed that the firm would be investing in location as well as mapping services.
Even though the firm is no.2 in mobile phone sales overall with a 15.5 percent global share, it is because of older, non-smartphones which sell in some emerging markets.
The firm reiterated strategy to save 3 billion euros in operating costs by the end of 2013.
Earlier in January, Alcatel Lucent SA (NYSE: ALU) brought out new tablets which would debut in quarter three. Some came in August but a new report shows a new colorful 7-inch tabs from Alcatel.
Why ALU's stock Has Recovered So Fast Recently? Get The Shocking catalyst Herehttp://marketbuzzreport.com/index.php?code=ALU
This one seems to be a part of OneTouch Pop family akin to recent budget handsets which should be a part of store soon. There is also a translucent flip-cover to ensure that it remains clean.
USMarketBuzz.com is an investment community that Focuses on MicroCap Securities. USMarketBuzz.com is an authorative authentic Google News Site and Leading Provider of Investment Awareness and Featured Company Profiles. If you would like more information regarding our news coverage solutions, please visit http://www.USMarketBuzz.com/ for more details. Get an edge on the market with our Premium News Alerts that are FREE for a limited time at http://www.USMarketBuzz.com/. Follow us on Facebook: https://www.facebook.com/usmarket.buzz Sign up for our FREE SMS News alerts delivered directly to your mobile phone by texting the word PREPROMO to 27126. (SMS alerts are free, however data rates may apply, check your wireless plan for details.)
DISCLAIMER: FNNewswire (FNNW) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNNW is NOT affiliated in any manner with any company mentioned herein. The commentary, views and opinions expressed in this release by MarketBuzz Reports and USMarketBuzz.com are those of the MarketBuzz Reports & USMarketBuzz.com and do not reflect in any manner the views or opinions shared by FNNW. The companies that are discussed in this release may or may not have approved the statements made in this release. FNNW is not liable for any investment decisions by its readers or subscribers FNNW and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNNW was not compensated by any public company mentioned herein to disseminate this press release.
FNNW HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNNW undertakes no obligation to update such statements.
Company: FN Newswire
Contact email: email@example.com
U.S. Phone: +1(954)345-0611
SOURCE FN Media Group, LLC